If you are newly exempt from HMDA this week, don’t forget that you need to transition to collecting GMI under Regulation B. In other words, if you don’t collect DI under HMDA, you still have to collect GMI under Regulation B. For more information on transitioning to a non-HMDA bank, check out our class on this topic at https://www.compliancecohort.com/hmda-july-2020.
Welcome to the Compliance Cohort. We are a group of compliance professionals working to make compliance easier. Our goal is to take complex compliance concepts and put them in simple terms that apply to the real world. We are glad you have found us and look forward to collaborating in the future.
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